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Israeli cybersecurity co Cynet raises $40m


Israeli cybersecurity co Cynet raises $40m
Cynet combines multiple security controls and response automation on a unified autonomous XDR platform.
Israeli cybersecurity company Cynet today announced it has closed a $40 million Series C financing round led by Greenfield Partners with participation from existing investors Norwest Venture Partners, Vintage Investment Partners, BlueRed Partners and Deutsche Telekom. The investment will be used to meet demand for Cynet’s Autonomous XDR Platform from companies of all sizes, including those with small security teams in need of more holistic and efficient cyber solutions.
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Following a steep rise in sales in North America during 2020, Cynet will use the new funds to maintain its rapid expansion in the North American and European markets and meet rising demand for it Autonomous XDR Platform. ....

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